December 27, 2017

Last week Red Hat, Inc. (NYSE: RHT), a cloud-based open source technology provider, delivered a strong third quarter for fiscal year 2018 for the period ended November 30, 2017, reporting total Q3 revenue of $748 million, a 22 percent increase year-over-year, and subscription revenue of $657 million, a 21 percent increase year-over-year. The remaining revenue of $91.1 million comes from training and services. Subscription revenue, which represented 88 percent of total revenue for the third quarter, is broken down into two segments, infrastructure-related offerings accounting for $495 million in revenue, a 15 percent increase year-over-year, and application development-related and other emerging technology accounting for $162 million, a 44 percent increase year-over-year.